1.1 BACKGROUND OF THE STUDY
The problem associated with state- owned enterprises and monopolies are not peculiar to Nigeria it is true that many developing countries have overcome the problems through a well designed and simple minded pursuit of privatization.
It is important to observe that the was a times when it was considered sound economic policy for government to establish and invest in statutory corporations and state owned companies socialism existed side be side with capitalism. It is also good to note that it took many years to accomplish the privatization of British telecoms which is regarded as a world leader by all standards (business times Dec 3-9,2001.
1.2 PROBLEMS ASSOCIATED WITH THE SUBJECT MATTER
According to Enugu (1991:191) the fact that state owned business enterprise have failed woefully in Nigeria cannot be doubted.
Most of the problem that associate with Nigeria telecommunication limited are:
1.3 PROBLEMS THAT THE STUDY WILL BE CONCERNED WITH
The study will be concerned on many change concerning the privatization of Nigeria telecommunication limited.
1.4 THE IMPORTANCE OF STUDYING THE AREA
The study is very timely especially today that all hand are on deck to enhance the development and growth of Nigeria’s economy through privatization of some sectors.
It was expected that the new management of NITEL the PENTESCOPE Telecommunication will revive the organization by changing and study some of the problems of the organizaiton.
Federal government of Nigeria after accessing their performance found out that the new to the sector.
Finally the federal government retrieved the contract agreement and fined them the study will help out to seek for another company that can bid for the contract and also help create job for indigenes of this country
1.5 DEFINITION OF IMPORTANT TERMS
ENTERPRISE: Business activity developed and managed by individual rather than the state the ability imagination and desire to create out new project or activities
MANAGEMENT: The control and making of decision in a business or similar organizaiton. The process of dealing with or controlling people or thing.
PRIVATISATION: It is the transfer of some shares from state control or ownership private ownership.
Akin- George, J (1988) Privatization and Commercialization Design and
Implementation for Effective Result.
Enudu T.O (1999) Business Policy An Introduction Analysis New General
Nation Council on Imperative of Privatization”
Privatization (1999) A Statement by President Olusegu Obasanjo on the
Occasion of the Inauguration of Nation Council on Privatization Abuja
The Sun Newspaper (2005) Revoke of Contract Agreement form PENT
SCOPE Page 4
Udeh Mike (2001) NITEL Privatization: an Analysis Business Times
CommentaryAN APPRAISAL OF THE CURRENT IMPLICATION OF PRIVATIZATION OF NIGERIA TELECOMMUNICATION LIMITED (NITEL)